SSSP renews detention of activist Sherif El-Rouby
The Supreme State Security Prosecution has decided to renew the detention of political activist Sherif El-Rouby, accusing him of joining a banned group and spreading false news. Human rights groups have condemned the re-arrest of El-Rouby, just three months after…
CTUWS calls upon the labour minister to solve the Beshai Steel crisis
The Center for Trade Union and Workers Services has called on the Minister of Manpower, Mohamed Shehata, to intervene to solve the crisis of the Beshai Steel Factory workers and “take the necessary measures to urge the administration to negotiate…
Egypt tops French arms importers
The French foreign, economy and armed forces ministers reported at the closing session of the National Assembly that Egypt had topped the list of French arms importers. According to the report, Egypt requested French weapons worth EUR 4.5 billion in…
Egypt’s government studies raising electricity prices
On Monday, Economy Plus reported that the Electricity Utility and Consumer Protection Regulatory Agency is currently working on studies of electricity tariffs and scenarios for increased prices. Reports have said that there are three scenarios regarding electricity prices. The first…
Egyptian government plans to sell more state-owned enterprises, says Bloomberg
Bloomberg issued a report stating that Egypt is seeking to attract more foreign direct investment, in addition to negotiating a new loan with the International Monetary Fund, after the high import prices of food and fuel due to the war…
Egypt receives USD 6 million in international support for COP27
On Tuesday, the Swiss Embassy in Cairo issued a statement saying that Egypt had received about six million dollars to support its hosting of COP27, scheduled for November in Sharm el-Sheikh. According to the statement, the United Nations Development Program,…
“Safe Return”: Initiative for the return of dissident Egyptians abroad
The Reform and Development Party launched the “Safe Return” initiative for Egyptians who travelled outside the country for fear of persecution and security for their political activity or their defence of human rights. The party said the various state institutions…
Booking could reconsider its suspension of the Egyptian pound
A source in the Hotel Establishments Chamber has said that Booking.com promised to reconsider its decision to suspend work in the Egyptian pound when exchange rates return to normal. The online travel agency had decided, which began to be implemented…
Egyptian officials estimate the dollar rate at 22-24 pounds, says Goldman Sachs
Goldman Sachs has issued a report stating that Egyptian officials estimate the dollar exchange rate at 22-24 pounds in the event of a further devaluation of the local currency to complete a loan from the International Monetary Fund. Goldman Sachs…
Egypt turns to China and Japan, seeking low-cost loans
Despite the massive rise in foreign debt, Egyptian Finance Minister Mohamed Maait said that the government is seeking low-cost loans from China and Japan while continuing negotiations with the International Monetary Fund (IMF) for another loan. In an interview with…
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